The USDJPY pair shows calm negative trades to move below the EMA50, which supports the continuation of our bearish overview that targets testing the bullish channel’s support line at 110.20.
Therefore, we are waiting for more decline on the intraday basis, noting that breaching 111.10 represents initial key to start recovery attempts and resume the main bullish trend again.
The expected trading range for today is between 110.20 support and 111.30 resistance
The expected trend for today: Bearish
Origin: Economies
